November 28, 2022

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Japan capex data out earlier – recap

1 min read

A Japanese finance ministry official said on the business spending data that some firms were seen putting off unnecessary investments in favor of holding onto cash.

Echoed by:

  • “Non-manufacturers have likely been building up cash positions rather than committing to spending for reinforcing safety, pushing back their capital expenditure plans beyond the fiscal year-end,” said Takeshi Minami, chief economist at Norinchukin Research Institute.

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